AAF Analysis Finds Steel Tariffs Could Harm the U.S. and U.S. Allies

Patrick Hefflinger

Today the American Action Forum (@AAF) released an analysis examining the unintended consequences of imposing steel tariffs. According to the analysis, steel trade restrictions would likely harm the U.S. economy by driving up domestic steel costs, resulting in increased costs for U.S. manufacturers, American consumers, and our closest allies.

A related letter to President Trump signed by every living former Chair of the President’s Council of Economic Advisers (excluding those currently serving in public office) urges the president to reconsider his reported plan to impose tariffs on steel imports using Section 232 of the Trade Expansion Act of 1962. The former chairs warn that such trade restrictions would harm the U.S. economy and our relationships with important allies.